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Biofuel Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 135 Pages
  • June 2023
  • Region: Global
  • IMARC Group
  • ID: 5834423
Description Jump to:
The global biofuel additives market size reached US$ 16.8 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 26.1 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.

Biofuel additives refer to specialty chemicals that enhance the efficacy of biofuels, such as methanol, biodiesel, ethanol, and diethyl ether. They are widely used to improve engine performance and combustion quality and reduce brake-specific fuel consumption (BSFC) and heating. They are commonly available in emulsifiers, antioxidants, octane improvers, corrosion inhibitors, cetane improvers, dyes and markers, detergents, and dispersant variants. Biofuel additives are synthesized from the lignocellulosic feedstock or conventional feedstock and exhibit density, viscosity, and solubility. In comparison to traditional additives, biofuel additives have higher oxygen content, are cost-effective, non-toxic, and do not produce harmful chemicals. As a result, biofuel additives find extensive applications across aviation, automotive, marine, and electric power industries.

Biofuel Additives Market Trends:

Significant growth in the automotive industry across the globe is creating a positive outlook for the market. Globally, the increasing demand for biofuel additives can be attributed to their eco-friendly nature, such as providing enhanced energy conservation, improving air quality, and reducing the emission of greenhouse gasses (GHGs), which, in turn, is favoring the market growth. In addition to this, various technological advancements, such as the development of hydrodynamic cavitation techniques for the manufacturing of biodiesel with enhanced reaction rate and energy efficiency, are providing a considerable boost to the market growth. Apart from this, the rising demand for low-emission engines and the implementation of various government initiatives toward sustainable development are anticipated to drive the market toward growth. Other factors, such as the growing demand for biofuel additives across the aviation, energy, power, and marine sectors and the rising awareness regarding the adverse effects of fossil fuels, are creating a positive outlook for the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global biofuel additives market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, biofuel type and application.

Breakup by Type:

  • Antioxidants
  • Corrosion Inhibitors
  • Cold Flow Improvers
  • Detergents and Dispersants
  • Octane and Cetane Improvers
  • Dyes and Markers
  • Others

Breakup by Biofuel Type:

  • Bioethanol
  • Biodiesel

Breakup by Application:

  • Diesel Fuel Additives
  • Heavy Fuel Oil Additives
  • Shipping Fuel Additives
  • Gasoline Fuel Additives
  • Others

Breakup by Region:

North America

  • United States
  • Canada

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

Latin America

  • Brazil
  • Mexico
  • Others

Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Afton Chemical Corporation (NewMarket Corporation), BASF SE, Biofuel Systems Group Ltd., Chemiphase International Ltd., Chevron Corporation, Clariant AG, Eastman Chemical Company, Evonik Industries AG, E-ZOIL, Fuel Quality Services Inc., Infineum International Limited and The Lubrizol Corporation.

Key Questions Answered in This Report:

  • How has the global biofuel additives market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global biofuel additives market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the biofuel type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global biofuel additives market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Biofuel Additives Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Antioxidants
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Corrosion Inhibitors
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Cold Flow Improvers
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Detergents and Dispersants
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Octane and Cetane Improvers
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Dyes and Markers
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Others
6.7.1 Market Trends
6.7.2 Market Forecast
7 Market Breakup by Biofuel Type
7.1 Bioethanol
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Biodiesel
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Diesel Fuel Additives
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Heavy Fuel Oil Additives
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Shipping Fuel Additives
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Gasoline Fuel Additives
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Afton Chemical Corporation (NewMarket Corporation)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 BASF SE
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Biofuel Systems Group Ltd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Chemiphase International Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Chevron Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Clariant AG
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Eastman Chemical Company
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Evonik Industries AG
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 E-ZOIL
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Fuel Quality Services Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Infineum International Limited
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 The Lubrizol Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 SWOT Analysis
List of Figures
Figure 1: Global: Biofuel Additives Market: Major Drivers and Challenges
Figure 2: Global: Biofuel Additives Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Biofuel Additives Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Biofuel Additives Market: Breakup by Type (in %), 2022
Figure 5: Global: Biofuel Additives Market: Breakup by Biofuel Type (in %), 2022
Figure 6: Global: Biofuel Additives Market: Breakup by Application (in %), 2022
Figure 7: Global: Biofuel Additives Market: Breakup by Region (in %), 2022
Figure 8: Global: Biofuel Additives (Antioxidants) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Biofuel Additives (Antioxidants) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Biofuel Additives (Corrosion Inhibitors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Biofuel Additives (Corrosion Inhibitors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Biofuel Additives (Cold Flow Improvers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Biofuel Additives (Cold Flow Improvers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Biofuel Additives (Detergents and Dispersants) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Biofuel Additives (Detergents and Dispersants) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Biofuel Additives (Octane and Cetane Improvers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Biofuel Additives (Octane and Cetane Improvers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Biofuel Additives (Dyes and Markers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Biofuel Additives (Dyes and Markers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Biofuel Additives (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Biofuel Additives (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Biofuel Additives (Bioethanol) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Biofuel Additives (Bioethanol) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Biofuel Additives (Biodiesel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Biofuel Additives (Biodiesel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Biofuel Additives (Diesel Fuel Additives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Biofuel Additives (Diesel Fuel Additives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Biofuel Additives (Heavy Fuel Oil Additives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Biofuel Additives (Heavy Fuel Oil Additives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Biofuel Additives (Shipping Fuel Additives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Biofuel Additives (Shipping Fuel Additives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Biofuel Additives (Gasoline Fuel Additives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Biofuel Additives (Gasoline Fuel Additives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Biofuel Additives (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Biofuel Additives (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: North America: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: North America: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: United States: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: United States: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Canada: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Canada: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Asia-Pacific: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Asia-Pacific: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: China: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: China: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Japan: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Japan: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: India: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: India: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: South Korea: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: South Korea: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Australia: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Australia: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Indonesia: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Indonesia: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Others: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Others: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Europe: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Europe: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Germany: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Germany: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: France: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: France: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: United Kingdom: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: United Kingdom: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Italy: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Italy: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Spain: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Spain: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Russia: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Russia: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Latin America: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Latin America: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Brazil: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Brazil: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Mexico: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Mexico: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Middle East and Africa: Biofuel Additives Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Middle East and Africa: Biofuel Additives Market: Breakup by Country (in %), 2022
Figure 84: Middle East and Africa: Biofuel Additives Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Global: Biofuel Additives Industry: SWOT Analysis
Figure 86: Global: Biofuel Additives Industry: Value Chain Analysis
Figure 87: Global: Biofuel Additives Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Biofuel Additives Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Biofuel Additives Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Biofuel Additives Market Forecast: Breakup by Biofuel Type (in Million US$), 2023-2028
Table 4: Global: Biofuel Additives Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Biofuel Additives Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Biofuel Additives Market: Competitive Structure
Table 7: Global: Biofuel Additives Market: Key Players

Companies Mentioned

  • Afton Chemical Corporation (NewMarket Corporation)
  • BASF SE
  • Biofuel Systems Group Ltd.
  • Chemiphase International Ltd.
  • Chevron Corporation
  • Clariant AG
  • Eastman Chemical Company
  • Evonik Industries AG
  • E-ZOIL
  • Fuel Quality Services Inc.
  • Infineum International Limited
  • The Lubrizol Corporation

Methodology

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Table Information

Report AttributeDetails
No. of Pages135
PublishedJune 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 16.8 Billion
Forecasted Market Value ( USD ) by 2028 $ 26.1 Billion
Compound Annual Growth Rate7.6%
Regions CoveredGlobal
No. of Companies Mentioned12

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About the Biofuel Additive Market

The Biofuel Additive market is a subset of the larger Biofuel industry. Biofuel Additives are substances added to biofuels to improve their performance, such as increasing their energy density, reducing their emissions, and improving their storage stability. Biofuel Additives are used in a variety of applications, including transportation, industrial, and agricultural. They are also used in the production of renewable energy sources, such as biodiesel and ethanol. Biofuel Additives are typically derived from natural sources, such as vegetable oils, animal fats, and plant-based materials. They are also produced synthetically, using chemical processes. Biofuel Additives are available in a variety of forms, including liquid, powder, and granular. Some of the major players in the Biofuel Additive market include BASF, DuPont, Evonik Industries, Innospec, and Lanxess. Other companies in the market include AkzoNobel, Clariant, Croda International, and Solvay. Show Less Read more

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